Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (70593)	10/13/2008 3:57:40 PM
From: Cogito Ergo Sum	1 Recommendation Read Replies (1) of 74559

M, I really think it's absurd to blame him for people borrowing ridiculous amounts of money to buy over-priced houses and bonus-greedy companies lending it, and shareholders thinking it was a good idea and insurers guaranteeing the mortgages. I agree.. There is a problem with the US system and a lot of the problems could be solved with a good long honest look in the mirror.. ... However it is equally absurd IMVHO to laud him for his actions, hold him up as particularly insightful or grant him a knighthood... for his actions.. Greenspan is yet another case of 'smart is not enough'... Blackie

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